The open circuit voltage of a transformer is determined by two things, the ratio of primary turns to secondary turns and the characteristics of the core. The loaded voltage of a transformer is determined by the first two characteristics plus the resistance of the secondary winding. The typical power supply type transformer has a core size and materials such that the core never saturates, i.e. never reaches the limit of its ability to be magnetized during each half cycle of the AC input. In this case, the open circuit voltage is determined solely by the ratio of the windings, and the loaded output voltage is the open circuit voltage minus the voltage drop due to the output current flowing through the resistance of the secondary windings. However, if the core is designed to modify the way it is magnetized during each half cycle, then the transformer can produce an almost constant output current, and will vary the output voltage to force this current through whatever load is applied, up to the maximum voltage as determined by the primary/secondary windings ratio. This is the typical approach to an AC buzzbox welder. By selecting the turns ratio to produce a high open circuit voltage, and then depending on the core characteristics to regulate the current, I can make the welder easy to start. Now, in order to save money, the manufacturer would want to build the transformer with the least number of secondary turns and the smallest possible wire size. By reducing the number of secondary turns to the minimum that can produce enough voltage to sustain an arc, the manufacturer reduces the amount of material required and the cost of manufacturing the transformer, without having to give up any of the rated output current. However, by reducing the number of turns, the manufacturer does reduce the maximum open circuit voltage, which is determined by the primary/secondary turns ratio. This results in the lowest cost for a given welding current, but makes starting the arc difficult. Switching mode (inverter) supplies also use a transformer, but run it at frequencies in the 10's to 100's of kiloHertz, rather than at the 60 Hz power line rate. The high frequency input is generated by rectifying the 60 Hz input and then using an electronic switch to "chop" the DC into the high frequency pulses applied to the transformer. The output voltage is regulated by controlling the duty cycle of the chopper, which in turn controls the average current into the transformer. If I were designing a welder based on inverter technology, I would include an active voltage regulator that would raise the voltage to start the arc, and then lower it to whatever is needed to maintain the desired current. I've never looked at the circuit for one, but I'd suspect that the cheapo Chicago Electric on probably omitted the active voltage regulation and simply controls the chopper to a single voltage, hence the low open circuit voltage. Keith
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